Aqua America, Inc. Non-Employee Directors’ Compensation Policy (Effective January 1, 2018)
Aqua America, Inc. has established a compensation policy for its non-employee directors, effective January 1, 2018. Under this policy, non-employee directors receive an annual cash retainer of $80,000 and an annual stock grant of $80,000. Additional cash retainers are provided for directors serving as committee chairs or as Lead Independent Director. All directors are reimbursed for reasonable expenses related to attending board or committee meetings. This policy was approved by the Board of Directors following a recommendation from the Executive Compensation Committee.
Exhibit 10.1
Aqua America, Inc.
Non-Employee Directors’ Compensation, effective January 1, 2018
At its regularly scheduled meeting on December 13, 2017, the Board of Directors of Aqua America, Inc., upon the recommendation of its Executive Compensation Committee, approved the following directors’ compensation for the non-employee directors of Aqua America, Inc.: (1) an annual cash retainer of $80,000; (2) an annual cash retainer for the Chair of the Executive Compensation Committee of $12,500; (3) an annual cash retainer for the Chair of the Audit Committee of $12,500; (4) an annual cash retainer for the Chair of the Corporate Governance Committee of $10,000; (5) an annual cash retainer for the Chair of the Risk Mitigation Committee of $10,000; (6) an annual cash retainer for the Lead Independent Director of $25,000; and (7) an annual stock grant to non-employee directors of $80,000. All directors are reimbursed for reasonable expenses incurred in connection with attendance at Board or Committee meetings.
